CANADA LIFE ASSURANCE Co Has $12.45 Million Stock Position in LyondellBasell Industries (NYSE:LYB)

CANADA LIFE ASSURANCE Co lowered its stake in LyondellBasell Industries (NYSE:LYB) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 167,624 shares of the specialty chemicals company’s stock after selling 1,574 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in LyondellBasell Industries were worth $12,448,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its holdings in LyondellBasell Industries by 3.7% in the third quarter. JPMorgan Chase & Co. now owns 5,229,416 shares of the specialty chemicals company’s stock worth $501,501,000 after acquiring an additional 187,150 shares in the last quarter. Fifth Third Wealth Advisors LLC lifted its holdings in shares of LyondellBasell Industries by 202.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 12,986 shares of the specialty chemicals company’s stock worth $964,000 after purchasing an additional 8,691 shares in the last quarter. Sound Income Strategies LLC grew its position in LyondellBasell Industries by 8.1% in the 4th quarter. Sound Income Strategies LLC now owns 271,626 shares of the specialty chemicals company’s stock valued at $20,174,000 after purchasing an additional 20,310 shares during the period. Merrion Investment Management Co LLC bought a new stake in LyondellBasell Industries during the 4th quarter valued at $503,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in LyondellBasell Industries by 26.4% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 18,973 shares of the specialty chemicals company’s stock worth $1,409,000 after buying an additional 3,958 shares during the last quarter. Institutional investors and hedge funds own 71.20% of the company’s stock.

Insider Buying and Selling at LyondellBasell Industries

In related news, Director Michael Sean Hanley acquired 3,750 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average cost of $72.05 per share, for a total transaction of $270,187.50. Following the completion of the transaction, the director now owns 16,028 shares in the company, valued at approximately $1,154,817.40. This trade represents a 30.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.11% of the company’s stock.

Analyst Upgrades and Downgrades

LYB has been the subject of several recent research reports. Citigroup decreased their target price on shares of LyondellBasell Industries from $75.00 to $66.00 and set a “neutral” rating for the company in a research report on Friday, April 4th. Morgan Stanley cut their target price on LyondellBasell Industries from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada lowered LyondellBasell Industries from an “outperform” rating to a “sector perform” rating and set a $62.00 price target for the company. in a research report on Wednesday, April 9th. StockNews.com downgraded shares of LyondellBasell Industries from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, UBS Group reiterated a “sell” rating and issued a $51.00 target price (down previously from $76.00) on shares of LyondellBasell Industries in a report on Monday, April 7th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $76.50.

LyondellBasell Industries Stock Up 1.4 %

LyondellBasell Industries stock opened at $56.75 on Monday. LyondellBasell Industries has a twelve month low of $51.11 and a twelve month high of $107.02. The company has a quick ratio of 1.13, a current ratio of 1.83 and a debt-to-equity ratio of 0.84. The firm has a 50 day moving average price of $69.54 and a 200-day moving average price of $76.98. The company has a market capitalization of $18.32 billion, a P/E ratio of 13.71, a P/E/G ratio of 0.97 and a beta of 0.89.

LyondellBasell Industries (NYSE:LYB) last issued its earnings results on Friday, January 31st. The specialty chemicals company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.53). LyondellBasell Industries had a return on equity of 15.97% and a net margin of 3.39%. During the same quarter in the prior year, the business posted $1.26 EPS. As a group, equities analysts predict that LyondellBasell Industries will post 6.31 EPS for the current year.

LyondellBasell Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 10th were given a $1.34 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 9.44%. LyondellBasell Industries’s dividend payout ratio (DPR) is currently 129.47%.

About LyondellBasell Industries

LyondellBasell Industries N.V. operates as a chemical company in the United States, Germany, Mexico, Italy, Poland, France, Japan, China, the Netherlands, and internationally. The company operates in six segments: Olefins and PolyolefinsAmericas; Olefins and PolyolefinsEurope, Asia, International; Intermediates and Derivatives; Advanced Polymer Solutions; Refining; and Technology.